iGate to recruit 500 more in next 6 months

New Delhi, Apr 15: The Nasdaq-listed company iGate has said it is planning to recruit 500 people in the next six months to support its expanding operations.

iGate CEO Phaneesh Murthy said, "Most of the 500 people we plan to hire in over the next six months will be in India and some in Mexico and the US. They will be employed in both services in BPO areas."

iGate has been eyeing acquisitions in $30-70 million range for some time and is hopeful making it in 2010.

The company is looking at healthcare and financial BPO services.

"We are aggressively pursuing it... We have $100 million cash on our balance sheet. We are eyeing acquisitions in $30-70 million range and we should finalise it in few months," he said.

iGate said its net income more than doubled to $11.6 million for the Jan-Mar quarter compared to $5 million registered in the same period in 2009.

The company ended Q1 with 7,357 employees, a net addition of 447 employees during the quarter. Seven new customers were added by iGate during the quarter.